From Google News: 2024-09-04 13:17:04

US Steel is warning that some plants could be at risk of closure if the sale of its US steel mills to Japanese steelmaker Nippon Steel doesn’t go through. The threat of closure is due to declining orders, lower steel prices, and higher costs. The sale is part of US Steel’s strategy to focus on higher-margin products. The company is looking to reduce its exposure to the volatile and competitive commodity steel market. Without the sale, US Steel may have to reevaluate its operations and potentially close some plants to cut costs and remain competitive.



Read more at Google News: US Steel warns plants could close without Nippon sale – Yahoo Finance UK